Utah Code 57-1-10. After-acquired title passes
Current as of: 2024 | Check for updates
|
Other versions
(1) If any person conveys any real estate by conveyance purporting to convey the real estate in fee simple absolute, and at the time of the conveyance the person does not have the legal estate in the real estate, but afterwards acquires the legal estate:
Terms Used In Utah Code 57-1-10
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
- Grantor: The person who establishes a trust and places property into it.
- Person: means :(24)(a) an individual;(24)(b) an association;(24)(c) an institution;(24)(d) a corporation;(24)(e) a company;(24)(f) a trust;(24)(g) a limited liability company;(24)(h) a partnership;(24)(i) a political subdivision;(24)(j) a government office, department, division, bureau, or other body of government; and(24)(k) any other organization or entity. See Utah Code 68-3-12.5(1)(a) the legal estate subsequently acquired immediately passes to the grantee, the grantee’s heirs, successors, or assigns; and(1)(b) the conveyance is as valid as if the legal estate had been in the grantor at the time of the conveyance.
(2) Subsection (1) does not apply to a conveyance by quitclaim deed.